Blockchain revolution

how the technology behind bitcoin is changing money, business, and the world

348 pages

English language

Published Nov. 18, 2016

ISBN:
978-1-101-98013-2
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OCLC Number:
945730010

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The Internet as we know it is great for collaboration and communication, but is deeply flawed when it comes to commerce and privacy. The new blockchain technology facilitates peer-to-peer transactions without any intermediary such as a bank or governing body. Keeping the user's information anonymous, the blockchain validates and keeps a permanent public record of all transactions. That means that your personal information is private and secure, while all activity is transparent and incorruptible--reconciled by mass collaboration and stored in code on a digital ledger. With its advent, we will not need to trust each other in the traditional sense, because trust is built into the system itself.

1 edition

Subjects

  • Financial institutions
  • Electronic funds transfers
  • Electronic commerce
  • Technological innovations
  • Mobile commerce
  • Bitcoin
  • Banks and banking